You do not own the mobile home, just the lot and things like septic tanks  / water wells if applicable. 

I am having one or two applicants everyday and some of them really want it and are willing to pay several months upfront.

Last week, purchase mortgage applications increased 6% nationally, up for the third week in a row.

You can start the application now but the SBA has a temporary stay on all loans that aren’t the PPP till the end of June so you need to make sure your Seller is very patient... and SBA loans aren considered fast in normal times.

It has the most applicable information.

I ended up with a highly qualified applicant who started on May 1, so no downtime between tenants.

It is vis versa for the counter.Beyond that, you can get into more technical analysis on employment and population that would be more relevant for commercial and larger investment properties but would be still applicable determine the changing demographics  and economic employment base in each area.

Key is to find a local bank that mainly does mortgages, you don’t have to guess, the mortgage officer will usually have a good idea once you give them a few generic pieces of information, without doing a full application.

Some of the Banks have already stopped accepting applications for HELOCs, Cash-out Refi loans will be next to get halted, or the 80% LTV refi loans will go away, and we will be seeing 70% or less. 

We had 10 applications in the first two day, most people had credit scores over 700.